Wendell David Associates Inc. Has $6.49 Million Stock Holdings in Amphenol Corporation $APH

Wendell David Associates Inc. boosted its holdings in shares of Amphenol Corporation (NYSE:APH) by 27.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 52,420 shares of the electronics maker’s stock after purchasing an additional 11,150 shares during the period. Wendell David Associates Inc.’s holdings in Amphenol were worth $6,487,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of APH. Financial Management Professionals Inc. raised its holdings in Amphenol by 82.6% during the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after buying an additional 90 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of Amphenol during the third quarter worth $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of Amphenol during the second quarter worth $25,000. Riggs Asset Managment Co. Inc. lifted its position in Amphenol by 200.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 168 shares in the last quarter. Finally, Howard Hughes Medical Institute acquired a new position in Amphenol in the 2nd quarter worth $26,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Performance

Shares of APH stock opened at $152.50 on Friday. The company has a fifty day moving average price of $139.09 and a two-hundred day moving average price of $125.07. Amphenol Corporation has a one year low of $56.45 and a one year high of $157.54. The stock has a market cap of $186.67 billion, a P/E ratio of 50.83, a P/E/G ratio of 0.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same period in the prior year, the firm earned $0.50 EPS. Amphenol’s quarterly revenue was up 53.4% compared to the same quarter last year. As a group, equities analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on APH. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research note on Wednesday. Fox Advisors reissued an “outperform” rating on shares of Amphenol in a research report on Friday, January 9th. Evercore ISI reaffirmed an “outperform” rating and set a $165.00 price target on shares of Amphenol in a research report on Tuesday. Barclays upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $143.00 to $156.00 in a report on Monday, January 12th. Finally, Citigroup restated a “buy” rating and set a $175.00 target price (up previously from $160.00) on shares of Amphenol in a report on Monday, January 12th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average price target of $147.62.

Insiders Place Their Bets

In other news, CFO Craig A. Lampo sold 40,076 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $143.50, for a total value of $5,750,906.00. Following the completion of the sale, the chief financial officer directly owned 39,884 shares of the company’s stock, valued at $5,723,354. This trade represents a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP David M. Silverman sold 120,000 shares of Amphenol stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total value of $16,940,400.00. Following the transaction, the vice president owned 12,500 shares of the company’s stock, valued at $1,764,625. This represents a 90.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 698,076 shares of company stock worth $99,081,306 over the last ninety days. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.